Argo Gold (TSE:ARQ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Argo Gold Inc. reported a productive May 2024 with a total oil production of 3,375 barrels, averaging 109 barrels per day, alongside an average oil price of CDN$79.43 per barrel. This activity led to a substantial oil revenue of $268,111 for the month, with a net operating cash flow amounting to $175,732, signaling a potentially lucrative period for the company and its stakeholders.
For further insights into TSE:ARQ stock, check out TipRanks’ Stock Analysis page.